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20121201
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
haven't seen any political progress here. >> right. and mohamed, let me ask you this. let's talk act the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major eco
! zeerchlgt as one hand giveth, another taketh away. egyptian president mohammed morsi backed off a decree giving him authority. he order aid new order giving military power to arrest sls while a new constitution is finalized and voted on this saturday. former president hosni mubarak issued a similar decree before he lost power declaring emergency law in egypt. meanwhile, the national salvation front, the secular liberal opposition, is considering a boycott of the charter vote and is calling for protests in advancing the vote this weekend. joining us now from cairo is nbc news foreign correspondent amman. thank you for joining us. my first question is just about the motivations, morsi's motive augustss here. initially when this sort of power grab, if you will -- we'll call it that -- began, there was some sense and some analysis that this was an effort to -- an effort at efficiency, to get things down and that the democratic process would be restored. that seems increasingly less the case. this seems like a consolidation of power. what is your read on the situation? >> well, i think it's v
harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither polit
mohammed al ariane has probably been more of a proponent of the new normal. i don't know whether that's a pimco idea, the firm that pimco came up with following the fiscal crisis -- not the fiscal -- financial crisis. if you still believe that, what if we never get to 6.5%. >> well, hi, joe. it's great to see you. you're exactly right. just a month ago chairman bernanke for the first time acknowledged that the u.s. has structurally lower economic growth. but we've been calling the new normal for the last few years. and you're exactly right. that means the fed, if you combine that with yesterday's announcement, that means the fed is going to be exceptionally easy for a long time, and that it could be a couple years or could be three, four years, maybe even longer, because unemployment is now structurally higher. we hope it's 6.5% is not the new naru, the new minimum unemployment. certainly it is increasing. the longer people stay unemployed the more structural it becomes. the fed is really in a box here. they're trying to engineer financial market outcomes. trying to raise the prices o
in cairo enraged by president mohamed morsi's power grab. thousands broke through a barrier before throwing rocks and bottles at morsi's home. they also spray painted graffiti on the palace walls. morsi refused to back off his controversial plan to expand his presidential powers which give him immunity from judicial oversight. >>> a small victory for john mcafee today after he took his fight to stay in guatemala to the country's highest court. mcafee's attorney tells martin savidge a judge granted a stay today that allows him to remain in the country until his immigration case can be heard in court. his attorney says that could take a month or more. the software pioneer has been fight deg portation to belize where he is wanted for questioning in the shooting death of his neighbor there. >>> george zimmerman's lawyers filed several new motions today. among them, his legal team wants his gps mon troerg moved. zimmerman who is charged with the murder of trayvon martin has been electronically monitored since april. his attorneys also requested the state to hand over documents related to the cas
on the left never would have allowed it. he hated hamas. egypt's current president mohamed morsi does not. he is a member of the muslim brotherhood. so the head of hamas was allowed to travel to the gaza strip. that's one example of the in politics in this part of the world going on right now. here is another. this is cairo. not during the revolution that brought morsi to power, but now, this is cairo right now. tens of thousands of protesters have been out there for about two weeks in the famed tahrir square and near the presidential palace. they're very upset that their newly elected democratic president morsi is doing things that they not so democratic. he is trying to make it so his decisions are not subject to judicial review. at least six civilians have been killed and hundreds injured in the violence. president obama called his egyptian counterpart yesterday to express concern about the situation that seems to be spinning out of control. he urged president morsi to meet with and negotiate with the opposition. >>> and then there is syria, where nbc news reports the assad regime is prepa
to say this was a spontaneous attack, try to link it to that mohammed movie that president obama tried to link it to for the next two weeks. >> do you think she lied? >> i don't know that. for me she's unqualified to be secretary of state because she doesn't seem to have the independent judgment to make analysis like these talking points don't make sense. >> president obama said after the resignation came in, i deeply regret the unfair and misleading attacks on susan rice in recent weeks. the other thing i've been hearing today from many people in washington is, look, yes, the benghazi thing was probably part of this, but actually what worsened her case really was when she went to try and have it out with senators mccain and the others and really came off second best again. she got led down a garden path and came out with thorns everywhere. and people were saying, you know, she's just a bit inexperienced to deal with bruises like this. what does that mean for her on the world stage. is that a fair criticism? >> also fair. was she in above her head? quite possible. maybe she was in abov
, the response is nothing. mohammed's son tells us, "today, i sent my brother to get bread at 6:00 a.m." look, it's 3:00 p.m. right now and he hasn't gotten any. the kids haven't eaten." the power is out, as it has been for weeks. and now the water is cut as well. there is a growing sense of desperation among people here. stalked by both hunger and danger. "god gave me these children. these children are my responsibility," the man laments. now i can't even get them a loaf of bread. before, i could. now, i can't. the price of bread has skyrocketed due to a flour shortage. along with it, a population's anger. the situation is so dire that people say society is beginning to disintegrate. this is yet another bread line. we were just at one further up the road where the crowd ended up mobbing around us, furious. they said that they wanted us to leave because they were fed up with people filming them. they feel as if the world is simply mocking their misery. and just four days, the cost of fuel jumped from 85 syrian pounds to 150. but beyond the now astronomical cost of survival, it's the constant fear
president mohamed morsi's power grab. we've seen what he's done over the last couple of weeks. these protests are in response to several decrees issued by morsi that gives him near absolute power. last night an estimated 10,000 people crowded in the center of alexandria. tens of thousands rallied in tahrir square. and 100,000 demonstrated in front of the presidential palace. >>> and back here in tus, a busy economic calendar. we get the adp employment report, which is -- i don't know whether it's better or worse now. we'll see. >> they're looking at -- oh, private payrolls. >> coming in at 125 in private jobs. >> 79,000 or 80,000, which was closer to the total number. >> we must still be losing government jobs. 8:30 eastern, a revision to third quarter productivity and costs. and then later this morning, a november ism number, but it's nonmanufacturing. here's a few early stocks to watch. facebook is going to join the fa face the nasdaq indix. pandora media is lowing its fourth quarter guides. they are worried about the fiscal cliff. shares dropped after hours. that's not wher
Search Results 0 to 9 of about 10 (some duplicates have been removed)